MIPS Technologies Reports Fourth Quarter And Fiscal 2012 Financial Results

(e) This adjustment reflects the stock-based compensation expense. For the twelve months ending June 30, 2012, $6.5 million stock-based compensation expense was allocated as follows: $2.2 million to research and development, $1.7 million to sales and marketing and $2.6 million to general and administrative. For the twelve months ending June 30, 2011, $5.1 million of stock-based compensation expense was allocated as follows: $1.5 million to research and development, $1.5 million to sales and marketing and $2.1 million to general and administrative. 

(f) This adjustment reflects the severance to the Company's former executives and employees. For the twelve months ending June 30, 2012, $643,000 was allocated as follows: $424,000 to sales and marketing and $219,000 to general and administrative. For the twelve months ending June 30, 2011, $36,000 was allocated to sales and marketing.

(g) This adjustment reflects the expenses in response to our activities and inquiries of Starboard Value LP allocated to general and administrative.

(h) This adjustment reflects the withholding tax in connection with the change in legal structure of foreign operations.

(i) The adjustment reflects the gain, net of tax, of the Analog Business Group.

(j) The adjustment reflects a gain on an investment in a privately held company that was acquired. This gain was recorded in other income (expense).

CONTACT: Media Contact:
         Jen Bernier-Santarini
         MIPS Technologies, Inc.
         [phone]
         [e-mail]
         
         Investor Contact:
         Bill Slater
         MIPS Technologies, Inc.
         [phone]
         [e-mail]

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